2 weeks Ago By ABMN Staff
Texas Permanent School Fund Corp decreased its position in shares of Travel + Leisure Co. ( NYSE:TNL – Free Report ) by 14.3% during the 2nd quarter, Holdings Channel.
com reports. The firm owned 54,204 shares of the company’s stock after selling 9,067 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Travel + Leisure were worth $2,438,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Versant Capital Management Inc acquired a new position in shares of Travel + Leisure in the 2nd quarter worth $27,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Travel + Leisure by 2,759.
1% during the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company’s stock worth $28,000 after purchasing an additional 607 shares during the period. Family Firm Inc.
purchased a new position in shares of Travel + Leisure during the 2nd quarter valued at $31,000. Larson Financial Group LLC acquired a new position in Travel + Leisure in the 2nd quarter worth about $36,000. Finally, Abich Financial Wealth Management LLC increased its holdings in Travel + Leisure by 10,344.
4% in the first quarter. Abich Financial Wealth Management LLC now owns 940 shares of the company’s stock worth $46,000 after buying an additional 931 shares during the last quarter. Institutional investors and hedge funds own 87.
54% of the company’s stock. Travel + Leisure Stock Performance Shares of NYSE TNL opened at $42.02 on Tuesday.
The stock has a market capitalization of $2.99 billion, a P/E ratio of 7.74, a PEG ratio of 0.
58 and a beta of 1.62. The stock’s fifty day moving average is $44.
11 and its 200 day moving average is $44.74. Travel + Leisure Co.
has a 52 week low of $32.10 and a 52 week high of $49.91.
Travel + Leisure Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.50 per share.
The ex-dividend date of this dividend is Friday, September 13th. This represents a $2.00 dividend on an annualized basis and a yield of 4.
76%. Travel + Leisure’s dividend payout ratio (DPR) is presently 36.83%.
Wall Street Analyst Weigh In A number of analysts have recently weighed in on TNL shares. JPMorgan Chase & Co. boosted their price objective on shares of Travel + Leisure from $53.
00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Tigress Financial raised their target price on Travel + Leisure from $54.
00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Truist Financial cut their price target on shares of Travel + Leisure from $65.
00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Travel + Leisure from $65.
00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company.
Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $56.63. Get Our Latest Stock Analysis on TNL Insider Transactions at Travel + Leisure In other news, insider Amandine Robin-Caplan sold 3,246 shares of the company’s stock in a transaction that occurred on Thursday, September 12th.
The stock was sold at an average price of $41.84, for a total value of $135,812.64.
Following the completion of the transaction, the insider now directly owns 24,491 shares of the company’s stock, valued at $1,024,703.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink .
4.02% of the stock is currently owned by insiders. Travel + Leisure Company Profile ( Free Report ) Travel + Leisure Co, together with its subsidiaries, provides hospitality services and travel products in the United States and internationally.
The company operates in two segments, Vacation Ownership; and Travel and Membership. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers, as well as provides consumer financing in connection with the sale of VOIs; and property management services at resorts. Featured Stories Want to see what other hedge funds are holding TNL? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Travel + Leisure Co. ( NYSE:TNL – Free Report ). Receive News & Ratings for Travel + Leisure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travel + Leisure and related companies with MarketBeat.
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